Nurturing Growing Markets

The Global Competitiveness Index (GCI) is a key component of the Global Competitiveness Report (GCR), which is a comprehensive assessment of countries’ economic competitiveness. This is an annual report produced by the Global Competitiveness Network (GCN) of the World Economic Forum (WEF). The GCI is comprised of approximately 110 variables, which are further grouped into 12 pillars of competitiveness. These pillars are further subdivided into the three subindexes, namely “Basic Requirements”, “Efficiency Enhancers” and “Innovation and Sophistication factors”.

Global Competitiveness Ranking

The Global Competitiveness Report (GCR) is produced by the World Economic Forum (WEF), the organization which produces the Global Competitiveness Index (GCI). The GCI captures information on the micro and macro-economic foundations of national competitiveness in over 148 countries and contributes to factor which influence economic growth in particular countries and helps to explain why some countries are more successful than others. The WEF has stated that the information released in the 2013-2014 report was set in a context in which growth has begun to slow across many emerging economies and advanced economies in Europe. It is imperative for leaders from business, government and civil society to work collaboratively to generate an enabling environment to foster innovation, and create appropriate educational systems.

Chairman’s Address

Welcome to the official website of the Council for Competitiveness and Innovation. The Council for Competitiveness and Innovation (CCI) was established by the Government of Trinidad and Tobago in early 2011 as an advisory board to the Ministry of Planning and Sustainable Development. It is currently charged with the responsibility of significantly improving our country’s global competitiveness as well as fostering innovation as key drivers of a diversified knowledge based economy. The Council is also assisting in developing and implementing a holistic and competitive innovation policy that will transform the economy of Trinidad and Tobago and improve its global competitiveness and innovation rank over the next ten years. Our mandate is guided by the Government’s seven pillars of sustainable development and the Medium Term Policy Framework (MTPF) 2011-2014.

Børge Brende, Managing Director, Government Relations and Constituent Engagement at the World Economic Forum noted that “competitive economies are those that are able to provide high and rising living standards, allowing all members of a society to contribute to and benefit from these levels of prosperity. In addition, competitive economies are those that are sustainable – meeting the needs of the present generation while maintaining the ability to meet those of future generations.”

Turning Ideas into Innovation

REGISTER FOR A ONE- DAY FORUM ON ISSUES RELATING TO THE PRIVATE SECTOR IN TRINIDAD AND TOBAGO, CARIBBEAN AND THE AMERICAS, ON OCTOBER 8, 2014

VIII Competitiveness Forum 2014

The theme for the VIII ACF (October 8th -- 10th 2014) is The Human Imagination at Work: Driving Competitiveness, Powering Innovation. It recognises that the genesis of competitiveness lies with fostering and exploiting the human imagination to drive our competitive advantage. The human imagination therefore needs to be stimulated and nurtured in order to build competitive capacity. Exploring this concept further, will expand the innovative capacity of the Americas and open new opportunities for us to share and grow from each others experiences.

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In the News

CCI LAUNCHES 2014 i2i COMPETITION

Unexplored, unexploited resources exist within each of us and this year’s idea 2 innovation (i2i) competition aims to get individuals to take advantage of such assets. i2i 2014 which is entitled “Untapped Capital” was launched by Dr. Bhoendradatt Tewarie, Minister of Planning and Sustainable Development, at Luce, Hilton Hotel, Trinidad, on May 1, 2014.